ACTIVE

Cegelec Industry

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Financial year 2025 · Closed on 31/12/2025

Net result2,3 M €+392,0 %over 1 year

Revenue71,4 M €-14,1 %over 1 year

Equity5,8 M €+6,3 %over 1 year

Workforce394,3 ETP-2,6 %over 1 year

Identity

Source · BCE/KBO

Cegelec Industry is a Public limited company incorporated in 2013. Its main activity is: Electrical installation. Its registered office is in Bruxelles. It employs on average 394,3 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0539.891.310
Incorporation: 02/10/2013
Legal form: Public limited company
Registered office: Avenue du Bourget 44
1130 Bruxelles · BruxellesSee on map
Contributed capital: 250 000,00 €
Latest accounts: 31/12/2025
Average workforce: 394,3 ETP

Activities (NACE)

43212Electrical installation· main 43212Electrical installation 43221Plumbing, heat and air-conditioning installation 43221Plumbing, heat and air-conditioning installation 25210Manufacture of central heating radiators and boilers 25300Manufacture of steam generators, except central heating hot water boilers+6

Joint committees (2)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 12 filings

Trend over 12 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	71,4 M €	-14.1%	83,1 M €	-3.0%	85,7 M €	+26.8%	67,5 M €	-3.4%	69,9 M €
EBITDA	3,9 M €	+904%	-485,8 k €	-110%	5 M €	+47.6%	3,4 M €	-3.5%	3,5 M €
Operating result	3,8 M €	+602%	-746,7 k €	-116%	4,8 M €	+51.6%	3,2 M €	-5.4%	3,4 M €
Net result	2,3 M €	+392%	-803,6 k €	-119%	4,2 M €	+88.0%	2,2 M €	-1.1%	2,3 M €
Balance sheet
Equity	5,8 M €	+6.3%	5,5 M €	-12.8%	6,3 M €	+12.2%	5,6 M €	+35.6%	4,1 M €
Total assets	27,7 M €	+5.2%	26,4 M €	-31.7%	38,6 M €	-19.1%	47,8 M €	+69.7%	28,1 M €
Cash	16 M €	+104%	7,8 M €	-67.9%	24,4 M €	-34.2%	37 M €	+128%	16,3 M €
Debts	21,5 M €	+3.1%	20,8 M €	-34.8%	32 M €	-22.0%	41 M €	+70.8%	24 M €
Other
Workforce	394,3 ETP	-2.6%	405,0 ETP	-3.1%	417,8 ETP	-1.9%	425,8 ETP	-3.2%	439,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 18 ended

Active mandates

LUC CLABOUT

Director · since 01 janvier 2025 · until 18 juin 2030

Active

REMCO GESCHIERE

Managing director · since 01 janvier 2024 · until 20 juin 2028

Active

EDDY VANDERSMISSEN

Director · since 01 septembre 2020 · until 31 août 2026

Active

Ended mandates

PATRICK MERCKX

Director · since 01 janvier 2024 · until 31 décembre 2024

Ended

REMCO GESCHIERE

Managing director · since 01 janvier 2024 · until 31 décembre 2028

Ended

REMCO GESCHIERE

Director · since 01 janvier 2023 · until 20 juin 2028

Ended

PATRICK MERCKX

Managing director · since 01 janvier 2022 · until 31 décembre 2027

Ended

Other companies at this address

Avenue du Bourget 44 1130 Bruxelles

Company	CBE no.
AXIANS AUDIOVISUAL BELGIUM● Active	0435.513.865
Axians-PRG● Active	1013.432.343
CEGELEC● Active	0402.031.346
CEGELEC CONTROL SYSTEMS & SERVICES● Active	0842.188.642
Cegelec Electrical Solutions● Active	0431.998.111
Cegelec Fire Solutions● Active	0844.082.716
Cegelec-Haulogy Energy● Active	1027.491.009
CEGELEC INFRA TECHNICS● Active	0476.190.123
Cegelec Putman TR 895361 RER● Active	0781.329.159
CEGELEC - VAN CLEEMPUT - CMI● Active	0565.909.876
CEGELEC-VMA-MARRONNIERS.● Active	1030.848.890
CEGELEC-VMA UZ GENT● Active	1024.624.262
CLAXCE● Active	0766.468.660
GPP Overseas● Active	1007.424.677
INTERNATIONAL POST CORPORATION● Active	0436.501.681
KAISER + KRAFT● Active	0414.348.960
RADISSON HOSPITALITY BELGIUM● Active	0442.832.318
RADISSON HOSPITALITY SERVICES● Active	0728.469.703
RADISSON LOYALTY MANAGEMENT● Active	0766.994.341
Radisson People Foundation● Active	1022.128.590

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/07/2026	01/07/2025	04/07/2024	13/07/2023	06/07/2022	15/06/2021
General meeting	30/06/2026	17/06/2025	18/06/2024	20/06/2023	21/06/2022	15/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 12 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	10/07/2026	Dutch	PDF
Full model	31/12/2024	17/06/2025	01/07/2025	Dutch	PDF
Full model	31/12/2023	18/06/2024	04/07/2024	Dutch	PDF
Full model	31/12/2022	20/06/2023	13/07/2023	Dutch	PDF
Full model	31/12/2021	21/06/2022	06/07/2022	Dutch	PDF
Full model	31/12/2020	15/06/2021	15/06/2021	Dutch	PDF
Full model	31/12/2019	16/06/2020	23/06/2020	Dutch	PDF
Full model	31/12/2018	18/06/2019	26/06/2019	Dutch	PDF
Full model	31/12/2017	19/06/2018	16/07/2018	Dutch	PDF
Full model	31/12/2016	09/06/2017	27/06/2017	Dutch	PDF
Full model	31/12/2015	21/06/2016	11/07/2016	Dutch	PDF
Full model	31/12/2014	16/06/2015	19/06/2015	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 18 ended

Active mandates

LUC CLABOUT

Director · since 01 janvier 2025 · until 18 juin 2030

Active

REMCO GESCHIERE

Managing director · since 01 janvier 2024 · until 20 juin 2028

Active

EDDY VANDERSMISSEN

Director · since 01 septembre 2020 · until 31 août 2026

Active

Ended mandates

PATRICK MERCKX

Director · since 01 janvier 2024 · until 31 décembre 2024

Ended

REMCO GESCHIERE

Managing director · since 01 janvier 2024 · until 31 décembre 2028

Ended

REMCO GESCHIERE

Director · since 01 janvier 2023 · until 20 juin 2028

Ended

PATRICK MERCKX

Managing director · since 01 janvier 2022 · until 31 décembre 2027

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates07/09/2026
Verlenging mandaat bestuurders
PDF
Mandates30/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other09/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates03/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/03/2021
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 20252,3 M €↑
2024
Annual accounts 2024-803,6 k €↓
2023
Annual accounts 20234,2 M €↑
2022
Annual accounts 20222,2 M €↓
2021
Annual accounts 20212,3 M €↑
2020
Annual accounts 2020761,6 k €↑
2019
Annual accounts 2019448,3 k €↓
2018
Annual accounts 20181,8 M €↑
2017
Annual accounts 2017423,6 k €↓
2016
Annual accounts 20161,6 M €↑
2015
Annual accounts 20151,6 M €↑
2014
Annual accounts 20141,4 M €
02/10/2013
IncorporationPublic limited company

Cegelec Industry

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline